Nile raised $175 Million to Transform Complex Networks into Seamless Solutions
Nile, a networking-as-a-service (NaaS) provider founded by Pankaj Patel, a former executive VP at Cisco, is making waves in the enterprise networking space. Patel believes networks have become overly complex due to constant feature additions, losing sight of what customers want: simplicity.
Nile offers wired and wireless networking to large corporate clients, focusing on simplicity and ease of use. Their pay-as-you-go model allows for scalability based on usage, making it a cost-effective solution for enterprises.
In a recent Series C funding round, Nile raised an impressive $175 million, bringing its total funding to $300 million. The company plans to use these funds to expand its workforce and accelerate its growth into the Middle East and Europe.
Nile’s approach aims to automate processes and eliminate the need for manual configuration of networking devices. Their cloud-based platform utilizes telemetry and sensors to monitor and optimize real-time network performance continuously.
The future of Networking-as-a-Service (NaaS) looks promising as adoption gains momentum. According to a Nokia poll, nearly half of tech leaders plan to adopt NaaS. Gartner predicts that by 2024, 15% of enterprises will have embraced NaaS, propelling the market size to a staggering $155.17 billion by 2030.
Nile already boasts prominent clients such as Stanford University, Pitney Bowes, and Carta. With a subscription-based model and a focus on simplicity, the company aims to ease the burden of complex network management. It seeks to continuously modernize IT infrastructure for its clients.
As the industry shifts towards NaaS, Nile’s innovative approach and impressive growth show promise in reshaping the future of enterprise networking.